Golden Enterprises Q4 net sales up

Jul 11, 2008 (Datamonitor via COMTEX) -- GLDC | Quote | Chart | News | PowerRating -- Golden Enterprises, a manufacturer and distributor of snack items, has reported net sales of $29.85 million for the fourth quarter ended May 30, 2008, a 2% increase compared to $29.28 million for the same period of 2007.

The company's net income stood at $116,660, or $0.01 per share, compared to $620,711, or $0.05 per share in the same period of 2007.

For the 52 weeks ended May 30, 2008, net income was $1.13 million, or $0.10 per share, compared to $1.21 million, or $0.10 per share, for the same period ended June 1, 2007.

Total net sales were $113.38 million, a 2% increase compared to $110.83 million for the same period ended June 1, 2007.

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